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, the long-term deal that could take a big bite out of the deficit. >>> two big head lines, the casualties keep coming and the scope keeps widening. rebekah brooks arrested. the woman once headed up his british papers, she's out on bail. headline two, the head of scotland yard resigns. sir paul stevenson is quitting over criticism how he handled the saga. >> as commissioner i carry ultimate responsibility for the position we find ourselves in. with hindsight i wish we had sunlged matters involve this affair differently. i didn't and that's that. >>> brace for an explosive few days ahead. ra beck that brooks, rupert murdock and his son are scheduled to be questioned by british lawmakers tuesday. >>> 15 seconds of news from canada. classic rockers chief trick got a scare as their stage collapsed at the ottawa blues fest. the stage blew over in severe weather. that's where we snagged these pictures. check out the stage before. and after. it's barely recognizable. good news, no serious injuries. >>> you hear the words grope and airport and junk-touching security checkpoint horror stories pop t
'm a big netflix user, by the way. i get the discs sent to my house. they're going global in a big way. they've come a long way from the days they mail out the dvds. >> even though they're not in hong kong. but they're making a big move to latin america. they will expand to 43 companies in south america. they made the first international move to canada. late last year you can see it clearly wants to be a global company, but it's going to be pricey. the company said it would lose up to $70 million in the second half of this year from overseas operation. but investors in the states are cheering the move. the news sent netflix shares soaring 8% on tuesday. ali? >> kristie, how do you do it? are you further ahead in congress how long? is there similar service? >> itunes. it's all about itunes. >> very good. stick around for this story. quite frankly, i don't want to be alone in this piece of knowledge. some farmers in the uk were looking for extra ways to save money. the answer was on the farm in big piles. they're turning livestock waste into energy. the pigs were wallowing in gold. the t
at losses, big concerns over the solver debt crisis. report in a german newspaper is speculating that england may have to be included the bailout. so the european debt crisis is extending beyond grease, portugal and ireland and potentially italy. this is where we're looking at the european stock markets. off by more than 1% with the paris cac. reasons do with the greek debt crisis. a move away from the partial default. london ftse where banks are affected but not quite so badly as in germany and france up by about quarter of a percent and the losses are 2/3 of a percent for the seger smi. we'll have more of that coming up. >>> in terms of the currency markets, here we are, the main story here is that the euro remains under severe pressure, and i think that currency traders are talking in terms of the picture we've seen in recent weeks on the dollar coming to an end and that the dollar will remain in these kind of circumstances the safe haven currency. so looking at 1.5967. again, the pound under a lot of pressure. the euro, 1.4153 and 80.72. remarket stability for the yen dlafrmt
, state police, patrols or staffing at nursing and veterans homes. it affects roads, it's a big hassle for campers, they've got to leave state parks on this fourth of july weekend. >>> and the nba's collective bargaining agreement ran out. making it the second major sports organization to lead a lockout. the league said lost $300 million last season. so owners want to reduce players' salaries. the sides are so far apart on this that industry insiders say the entire 2011-2012 season is in jeopardy. i'll have more with "sports illustrated" later on in the show. >>> prosecutors in the casey anthony trial can call rebuttal witnesses after the defense rested without put herring on the stand. cnn has obtained home video of anthony as a young girl in 1991. here she is as a friend's birthday party. >> happy birthday, my name is casey. >> what do you think, casey, i didn't get you. >> happy birthday. happy birthday, my name's casey. >> the woman who claims she had an affair with casey's father was on the stand yesterday. here's what she says, george anthony, the father told her about caylee ant
something big. we have a chance to stabilize america's finances for a decade, for 15 years or 20 years. if we're willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says we're going to make significant cuts in domestic spending. and i have already said i'm willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we've already cut from defense spending we're willing to look for hundreds of billions more. it would require us taking on health care spending. and that includes looking at medicare and finding ways that we can stabilize the system so that it is available not just for this generation but for future generations. and it would require revenues. it would require, even as we're asking the person who needs a student loan or the senior citizen or, you know, people -- veterans who are trying to get by on a disability check, even as we're trying to make sure that all those p
house correspondent, and from cnn money. go big or go home. what is the republican push back? >> reporter: we're going to be finding out very shortly because house speaker john boehner will take to the cameras at 1:30 eastern essentially in the rebuttal to the news conference from the president earlier today. but the push back for republicans has been tax increases. you have republicans who have insisted on no tax increases, and democrats that insisted if there will be spending cuts, to achieve trillions of dollars in deficit savings. they don't want to abandon -- if there are going to be cuts to programs that are huge, they want to be able to say we pushed for sacrifices from wealthy americans and corporations. they are trying to strike kind of a just right agreement. because on one hand, you have a lot of republicans, and many of them who were swept into power in the last election saying we're going to cut spending and make government smaller, so the idea of tax increases, and certainly this is something a lot of them literally pledged they will not do, randi, it would forc
family are seeking a shorter term deal. but the president is saying no, no. now's the time to go big. get thing done for good. here he was, the president just this morning. >> i will not sign a 30 day or a 60 day or a 90-day extension. that's not an septemberabaccept approach. if it's hard now, how are the guys going to be thinking six months from now in the middle of an election season when they're all up. it's not going to get easier, it's going to get harder. we might as well do it now. pull off the band aid, eat our peas. now's the time to do it. if not now, when? >> brianna at the white house. bring us up to date. are the high stakes talks happening right this very second? >> as we understand it, brooke, these meetings continue here at the white house. president obama with top democrats and republicans in congress. you heard the tone that the president was striking there, like a parent trying to get two kids to share. he's been saying he's bending over backwards, giving up a lot and republicans are not. of course, that is his side of the story. if you were to think of him, he has a f
proceeding all through making headlines for wrong reasons but making big headlines nonetheless. >> we are following awe tlel' more on the nfl next week. mark, thanks. >>> the numbers are out. not the poll numbers and not the dow industrial. we are talking about the big number of bucks your presidential candidates are raising to win the white house. jim acosta, who has got the biggest bank? >> reporter: sometimes he's are the numbers that count, kyra, this morning. it looks like at this point, the person who has got the biggest bank right now is mitt romney. we haven't gotten any official totals in right now. yesterday his campaign did confirm that he is expected to bring in between $15 million and $20 million in the first quarter of fund-raising this year. not as much as he raised for the 2008 campaign but, still, way ahead of the rest of the pack. jon huntsman, we can mention, he also has a pretty big fund-raising hall for a guy that not a lot of people know about. $4 million. we should mention half of that, though, is money he kicked in himself. he is part of a very wealthy family t
in my book, they are too big, too corrupt, too destructive, too powerful. here in the u.s., there are basically five media companies that own almost all media. and in the uk, it's no different. rupert murdoch and his company simply had too much power. that's why we're seeing high ranking people, even prime ministers, even the head of scotland yard, tied up with this. they had so much power, they had to be kowtowed too. >> lisa bloom, we appreciate that. thank you very much. >> thank you. >>> this scandal is reaching deep now into rupert murdoch's inner circle, and you can be sure that the man at the top is feeling the pressure. murdoch has ads running in seven british papers through monday saying, quote, we are sorry for the phone hacking scandal at the "news of the world." the popular tabloid he just shut down. and here's what he said in his own words. the scandal is widening to another murdoch paper, "the sunday times," and now even the fbi is opening an investigation. the allegations, hacking the personal phones of public figures, and the not so public, from murder vi
reid plan in the united states senate. now this is not that big a surprise. in fact, we always knew he was going to have problems passing the bill. however, the wrinkle comes when the senate republican leader mitch mcconnell puts out a letter just a little while ago essentially telling the world that he had 43 republicans assigned on opposing senator reid's bill. you see it, part of the text, given the nation's enormous future spending challenges, it will be irresponsible to gift president this unprecedented additional borrowing authority without requiring the enactment of significant spending reductions and reforms. so 43 republicans say they will not vote for the bill as it is written. and mccain -- i'm sorry, mcconnell is pressing this point by saying he would like to see a vote now on the senate floor. but republicans would like a little time to work on the language and perhaps scare up some more support. let's listen to what mcconnell said a little while ago on the senate floor. >> so we have the astonishing development here that my good friend, the majority leader, is delaying a
not a company that doesn't do business with the united states that is making a very big profit. china is going to make $300 billion on us at least this year. and they just revised that recently, i don't know if you saw. they said those numbers are going to be low. so we have to take our country back. >> what do you think of this gang of six plan? do you think it's workable from what you've seen? >> from what i've seen, nobody really knows exactly what it represents and what it is yet. but at least they're in there pitches and trying to make the big deal. the big deal is really the deal they should make. i don't like the punt. i don't like the deal where we kick it down the road for six months. this is the time to make the deal. and i have to tell you, the republicans have the cards. people might not think that, but the republicans have all of the cards. and this is the time to get rid of obama care. this is the time to make the great deal. >> i've been following you on twitter and you've been aggressive about obama on the economy. you believe he can't stop spending and that america has to stop
on that in just a moment. i wish i could say there's big news about the debt ceiling talks. i can't tell you that. there's more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn't go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don't call my bluff, eric. and then he walked out a few minutes later. president obama said all along he'd veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that debt ceiling issue and the possibility of default you're on notice. i'm on notice. everyone from maine to san diego is on in. moody's investor services, the debt rating agency plans to review the nation's aaa bond rating and might downgrade it from stable to negative. standard & poors has the u.s. bond rating under review. let's talk about foreclosures for a second. realty track, the company that tracks the for
: it is a huge moment for u.s. women's soccer. can they beat back france today? that is the big question. you know what? so many people around the world, as well as people watching them in germany, are actually rooting and cheering for the u.s. they are the favorites to win the world cup. i mean, they just had an incredible performance. you know? here you see them practicing. they had this incredible match against brazil and in the last minute, they scored a goal and then ended up winning on penalty shoot-outs. everyone is still buzzing about how i credible it was. so the question is can they pull it off today? and what many people are saying is that they have got the fitness, they have got the never say die attitude and they hope that they can manage it today. you know, they are very fit and the french have to work their da derrieres off today. >> i think they all will be working their derrieres off. what do you think? you've been watching this closely. >> you've got germany out. that was a huge team and the favorites to win the competition in germany. they got booted out. the brazilians, a
this isn't the end, this is the beginning of a new chapter, but the big question remains is what does the next chapter entail? talking up live here from the kennedy space center over the next couple of hours, a special guest including bob crippen, the first of two astronauts to fly up on sts 1 back in 1981. we'll talk to him of what happened then and what he thinks of this whole 30-year era and his thoughts on what's next. also, the man who built the engine of this current rocket, of the current space shuttle "atlantis," and he has some reservations about sort of the nebulous -- the nebulous outlook for manned space flight. a lot more coming at you. just heard the rain picking up again, and if we hear anything more about that possible lightning strike near that launchpad, which is just about three miles over my shoulder, we'll bring it to you live. edie, back knew you in atlanta. >> not what they want to hear or see out there. we'll join you again in a few minutes. >>> now a scandal that's worthy of tabloid headlines itself. journalists working for "news of the world," one of the bigg
it would have no choice but to default on some big bills, the ceo of walmart told congress today the squabbling here in washington could have a huge negative impact nationwide on an all fragile recovery. >> a default and the ripple effect i think would be impactful and representing our consumers, we think that that would be very, very difficult for the american economy to withstand at this point in time in our history. >> that's here at home. >>> then there are global worries. concerns that a default or even a close call here could rattle international markets and international economies like that domino effect back after the big wall street meltdown a few years ago. >> the united states is the largest economy in the world, one that matters, one that has spillover effects, not just around the borders, but on a complete basis, globally. >> so, the stakes, they're obvious. the path to the solution, however, not nearly as clear. >> is it today, is it tomorrow, is it friday? magic things can happen here in congress in a very short period of time under the right circumstances. >> now,
and hang seng closed down. let's go to kristie lu stout. what's the big headline this morning, kristie it's all a ar w rows down. the yen soon as a safe haven continues to rise. meanwhile stocks in europe are also dae cleaning. europe is battling its own debt crisis. moody's has placed spain's government bonds on a downgrachltd government pressures and weak growth were behind that decision. ali, back to you in new york. >> kristie, we always worry when we get into a weekend and we have a deadline and we don't have a deal here that that's going to start touching asian markets more quickly than it's going to touch u.s. markets on monday. what's the reaction to the u.s. not having a deal so far? >> let's look a at the political reaction out of china, the largest foreign holder. chinese leaders, the they're not just worried. they're angry. stephen roach, of morgan stanley, he's been telling cnn that chinese leaders are appalled and that they think that america's behavior could create havoc in the global economy. meanwhile the news agency shing wa released a statement says, quote, the well bei
, of being a terror attack. large explosions. a big bomb in oslo, and then a guy who steals is police uniform or creates one and then goes to the camp, and he also had mom-making materials or a bomb on the island. you begin to say this is an awful big sort of incident to have just one person. so for a lot of reasons i think people assume, based on recent history over the last ten years, of an international terrorism conspiracy. we're now hearing maybe not. this may be a right wing extremist. somebody from their midst. >> fran, this reminds me of the oklahoma city bombing. when that happened it was also so big the initial idea was this had to be a group of some sort, and i guess it was. there were two people involved. it was not a massive group nor a big effort. >> that's right. i think one, you will find this will be hard to do alone. the times square bomber, it's hard to have one guy to get the materials and put it together correctly and detonate it. it's reasonable to suspect he had some amount of help. and we are hearing from media sources the individual in custody may have been a farmer.
, here in the states, we aren't paying as much attention to it, but it has big news over in the uk. hugh grant among a lot of people who say their phones were hacked by journalists. richard, you talked to him, what did he say? >> reporter: it's interesting, you say. the scandal is large, it's growing. the british government today said that there would be a public inquiry when the police are finished investigating. rupert murdoch, who owns the newspaper, by the way, it's this newspaper we're talking about, it's call "the news of the world," the normal rumor and gossip all dressed up with scantily clad ladies. when they started wholesale hacking of voice mail, it went into a different league. particularly, it was celebrities, it was stars, and now it's being dead murdered girl's voice mails and the patient parents of bomb victims and the like. when i talked to hugh earlier today, he said it's time to stop, it's time to say these newspapers, enough is enough. >> well, it began with just personal grievance, because i was a victim of phone hacking. and then i had this extraordinary piece of l
the cia gets caught up in this big debate about how to interrogate what to do. >> they say it's tough. anytime they operate outside of iraq and afghanistan in battlefields it becomes murkier. they say they're faced with the question of can he go back to the u.s. and be tried? that has to go through several agencies. can he have a third-party that take him when neither of the two are available, they would be forced to let someone go. >> the obama administration's treatment of the somali terrorist suspect isn't sitting well with lawmakers on capitol hill. among them lindsey graham of south carolina. >> we learned this morning that a gentleman was taken into custody, kept on a u.s. ship and he's now in custody. >> the last thing i'm worried about is prosecuting enemy fighters. i want to find out what they know about the enemy, what intelligence value do they have to the united states. having people on ships has never been used in warfare before in terms of prisons. he should have been sent to guantanamo bay and held as an enemy combatant and interrogated. >> the administration would make
time. sonja "black widow" thomas won with 40 dogs. i'm a big hot dog lover and can't imagine that. how many do you think you could eat? if you're hungry and like them. they're not the biggest. >> personally, i have had three. >> i can do better than three. >> really? >> i was thinking six or seven. >>> coming up, a grizzly discovery in an indiana creek. police waiting to see if it sheds light on the disappearance of a college coed. >>> also, a civil war reenactors in a battle with mother nature. why they got the shock of their life. >>> wowing the crowds in canada, what the royal couple is up to today. chronologically i'm sixty years old. is it the new forty, i don't know. i probably feel about thirty. how is it that we don't act our age? [ marcie ] you keep us young. [ kurt ] we were having too much fun we weren't thinking about a will at that time. we have responsibilities to the kids and ourselves. we're the vargos and we created our wills on legalzoom. finally. [ laughter ] [ shapiro ] we created legalzoom to help you take care of the ones you love. go to legalzoom.com today and co
this thing started last sunday. as you say, the president has said he wants this big deal but this thing broke up today, the meeting ended with the president telling these leader toss go back to their members and ask them what do they think can pass and then report back to the president with something that they believe can pass by this saturday morning. they're not even having a meeting tomorrow. now, despite all that i am told by my sources that there's not a lot of optimism that this particular negotiating process here at the white house is going to actually end up leading to the real deal, and a lot of effort and attention is now turning to a different process that's happening in the u.s. senate and another alternate deal that's being worked out between the two senate leaders that could instead end up raising the debt ceiling. a lot of hope is centered there, anderson. >> basically what is that deal? what is that negotiation based on? that's harry reid and mitch mcconnell. >> it's a little complicated but it would effectively raise the debt ceiling which would allow for spending cuts
temperature. and when you pile on the humidity, it's a huge difference maker. the big question people have is, when is this going to end? when can we expect some relief? the changes are going to come. we're going to see a lot of the temperatures begin to revert back to where they should be this time of year, into the 70s, the 80s, and some places in the 90s. but that's going to feel better than what you're going to get today. 99 will be your high, expected in new york today. 98 in boston. 102 in our nation's capital. 90s in chicago, back into kansas city, 100 in dallas. and the heat continues into the front range of rockies, the central rockies, and even back to the great basin. the big changes we're going to see, from the highs in the 100s and upper 90s, will come from the big dome of high pressure we've had, that's been over at least half the nation. we'll see this big ridge begin to break down. and when it breaks down, it will create a void, and then a frontal boundary will replace it. it's not going to be frigid, but it will take an edge off that heat in places like boston, chicago, and p
general of ohio. there he was a credit of big banks in general and mass foreclosures, and he had a winning streak on a game show. what is the consumer financial protection bureau? it aims to put a stop to predatory lending. it will keep an eye on credit card fees and student loans and keep an ear on consumer complaints. because a whole lot of centers don't like the bureau, the confirmation could be, dare i say, in jeopardy. dan, tell us first why this nomination is not going to elizabeth warren? >> reporter: well, certainly the white house saw her as somebody that could set up the agency and had hoped that she was the person who could potentially lead the agency, but as you pointed out this was somebody who was controversial and ran up against conservatives that would not support her nomination. and one official telling me republicans in congress made clear that they don't support the agency, and they would block all efforts to confirm elizabeth warren as the permanent director. while she was somebody that essentially invented this agency, got it up and going, and brought core dre onboard
. it unfortunately happened in this situation, in this place, we're never hoping for a big, destructive system, but when there's the possibility of it bringing some heavy rainfall to places that desperately need it, you want it to happen. in this case, it did not. however, there is the possibility that we may see some development of a different system out in the atlantic. we're going to watch it. it's still days away from affecting anyone at all, and it may not happen at all, but we're still going to watch it for you very carefully. another thing we're watching that is dangerous potentially is the heat. the heat is still relentless across parts of the central plains and back in the midwest. also the northern half of the map, western great lakes, upper midwest, there is going to be a chance that we have some severe storms developing later in the day. severe thunderstorms, deadly lightning a possibility, large hail, maybe even some tornadoes late in the afternoon hours, perhaps even into the early evening. but heat is going to be the major thing that's going to be dangerous for people today. dal
words, one big, vast cost-saving measure. a politician in britain tonight said, it's a smoke screen. if it is, then once again, the murdoches have played their hand extremely well. >> you talk about a smoke screen and the politicians there. politicians are on the run from this, aren't they? some of them in the past have been very fond of having murdoch publications endorse them, get behind them. now they're trying to say, we've had nothing to do with the man behind the curtain. >> yes, and you see, the thing is that parties from both sides, the labor party, for example, the socialist labor party could never have got elected, perhaps, originally, if the "sun" newspaper, the murdoch staple, hadn't supported them. they always needed them, david cameron, needed the "sun" to come back on to his hands. david come cameron is close friends with rebecca brooks, the editor during this scandal, and is now the top executive. what hugh grant said to me yesterday, basically, the actor, is, it stinks. the stench of collusion between government, politics, media is so entrenched here that one this n
's take a look at the big drop on wall street today. the dow closing down 198 points. about 1.5%. the nasdaq slipped 2.6%. the s&p 2%. another drop on wall street. mounting debt crisis could end up lowering the country's signature credit rating for the first time in decades. ahead, we'll lay out the severe consequences of such a move and why some say politicians here in washington are right now playing with fire. and not everyone thinks the country is approaching armageddon. why some lawmakers in congress are taking a hard line on raising the debt ceiling. stay with us. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. ♪ you are my sunshine ♪ my only sunshine ♪ you makes me happy ♪ when skies are grey ♪ you'll never know, dear ♪ how much i love you ♪ p
feeling. >> i can't wait to see you in new york. start that race together and give you a big hug at the finish line. >> sounds good. can't wait to see you. >> if you want to follow along with me or any members of the six-pack, logon to cnn.com/sanjay. thanks for being with us this morning. time now to get you back into the cnn newsroom for a check of our big stories. >>> this from the cnn center in atlanta, georgia, this is your saturday morning, k a.m. eastern time and i'm t.j. holmes. two developing stories. first the president summoning congressional leaders back to the white house for a saturday morning conference. this comes the day after the house speaker, john boehner walked out on debt talks. the president calling them right back. >>> also the developing story out of norway where at least 91 people have been killed in two separate attacks in norway. police there say these two attacks are, in fact, linked. still a developing story. we'll have the very latest for you live in just a moment. we need to begin in washington, d.c. with that looming deadline on the nation's debt.
you. >> ken rogoff joins me back again. a couple of good metaphors i heard today. this is like a big, cold bucket of water. another one said that this is like we're waiting for job growth to take off and instead we are sitting grounded in the terminal month after month waiting for our flight. what's your reaction to this disappointing jobs report? >> the terminal one is a depressing thought. it's an awful jobs report. it's just awful. i was certainly expecting at least to get enough jobs to sort of keep us moving a little bit. unfortunately this is what happens after a deep financial crisis. this is par for the course. the average after a deep financial crisis postwars, four years or more of bad job numbers before things really start getting better. we thought we could beat things with our stimulus, aggressive monetary policy. but it looks like we won't. >> a lot of my colleagues have been asking me, why are the estimates so wildly off? i keep saying, we've come from such a dramatic move in the economy that people really are trying to get -- experts are trying to get a handle on wher
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
&p said they need to do to keep the credit rating at triple-a. >> how big of a concern is that? even with the plans the credit rating might still be downgraded? >> it's a very big risk, anderson. there's two different events here and it's hard to keep them separated from each other. the first is getting the debt sealing lifted. that's the critical negotiation under way now. even if we get it lifted, eric's right. standard & poor's is saying even if you get it lifted it's how much you're willing to cut the deficits that they will really judge the triple-a rating of the united states on and if it's something less than $3 to $4 trillion in real cuts they're going to lower the credit rating of the united states for the first time in our history. we've had it since 1917 we've been triple-a. there's a growing sense at top levels here in washington that the chances of a credit rating downgrade is becoming more than just a possibility but moving towards a probability. >> april, for those who haven't been following this as closely as everybody in washington and a lot of other folks have been
a unanimous position. >> there will in fact be bipartisan opposition to this big, but there, i predict, will be no democrat for this bill so because bipartisanship was not sought. i'm a diely concerned it would pus us right back on the praecipe of imminent default in just a few months, casting a pall of uncertainty. and leading to a job-destroying credit downgrade. >> i urge my colleagues in the name of sanity and in the name of ensuring in a we pass this measure and we send it to our colleagues in the united states senate. >> here areas a quick reality check if this bill passes the house, it's going to hit a big roadblock in the senate. senate democratic caucus, every member of that caucus has signed onto a letter say they will oppose the bill, and senate majority leader harry reid announced today they will quickly take up the bill in the senate this evening, but only to table the measure, a vote to table the measure effectively just setting it aside. that doesn't mean think couldn't take it back up if they wanted to, but it's a quick way legislative for democrats to show there is not
economist said, ian sheped heardson said a big bucket of cold water. 18,000 jobs created overall. the estimates ranged from 80,000 to 125,000. market and economists expected more jobs creation than that. when you dig within the numbers you can see government jobs were shed. wow. thousands. 57,000 private sector jobs created but 39,000 government jobs lost. unemployment rate went up. so this tells you, kyra, bottom line, that private companies are not confident to hire in big numbers at all and the government, local and state government, because of budget cuts, continue to slash jobs. this is what the trajectory looks like. we have come from massive job losses there over about a year ago 192,000 four months of bad jobs and then you saw job created and it petered out. another thing when we dig into the numbers. you look at the revisions and what prior months were changed either higher or lower and we found another 44,000 jobs we thought had been created weren't. so it was other months revised down about 44,000. manufacturing, construction, temporary services and jobs in these areas
was always striving for a big deal. from the speaker's perspective, the white house at the last minute from their view moved the goal posts. they -- what it sounds like, not only comes to some agreement on a framework, but they were talking real details on some of these proposals, having to do with cuts and spending cuts and medicare and enconstitutitlemen all that. after this agreement that they have come to -- it had reached, they say the white house moved the goal posts. and in their view, speaker bane her to step back, take stock of the situation and really look at the calendar very seriously. as he said had, to do something because the white house's vision was not in line with that of congress. and that's why speaker boehner has now made this very aggressive move saying he's now just working with congress on this. >> jessica, we're running very tight on time tonight. i want to get through a lot fast. is there a sense when you look at the numbers that both sides talk about, even if you take their conflicting versions of what happened, i had the sense they were both talking about really
. >>> big news about the debt ceiling talks. we might see a big shift in the negotiations. the president is going to meet with top senate and house leaders and democratic officials tell us he's prepared to put medicare and social security changes on the table. that's a big about face and it drives home the urgency of the debt situation. >> my expectation is that over the next week to two weeks, that congress working with the white house comes up with a deal that solves our deficit, solves our debt problems, and makes sure that our credit is protected. >> obama is hoping that republicans will support some tax increases or the closing of some tax loopholes or credits. that is going to be a hard sell. here's what republican senator rand paul of kentucky told cnn. >> some of the most conservative members of the senate and house will raise the debt ceiling con tint gent on three items. we want significant cuts, stater to caps like pay as you go, and then we want a balanced budget amendment. if we get these, we'll agree to raise the debt ceiling. >> democratic officials say the president wants
higher. the ftse and the dax are both down. sony is reporting big losses. let's go to kyung lah, live in tokyo. good morning, kyung. >> reporter: good morning, ali. it's not just sony but it is a bad day in a lot of boardrooms and many of the electronics companies here in japan. we saw a lot of reporting of the quarter from april to june. sony posted a loss of 191 million u.s. dollars. panasonic, down 390 million. sharp down 630 million and nintendo says they lost in that quarter 327 million u.s. dollars. why? well, partially because of the march 11th earthquake. they are still trying to recover from the poor sales and the supply problems. the other theme we keep seeing over and over again from these electronics companies is the currency problem. the u.s. dollar is sinking. sinking very rapidly in these last six weeks. u.s. manufacturers, just like japanese manufacturers all operate on the u.s. dollar. and so when japanese manufacturers then have to repatriate these funds here, they lose if the dollar is sinking and the yen is rising. what is pushing the dollar down is all of that u.s
days. 106 expected high temperature in the big "d." it will be 92 in kansas city and 80 in new york. that's cooler. 86 with storms in atlanta. some researchers out of the u.k. ali, want to share this story with you, you're a big movie buff and science guy at the same time, researchers out of the u.k. are calling for regulations to curb the integration of human genes basically with animal genes. they don't want to create a human animal, hybrid. who wants that? i can't help but think this has something to do with the release of the "planet of the apes" movie coming up in the beginning of august. called something like "rise of the apes." a popular show when i was a kid and i might see the movie in a couple weeks. >> do you know if we're anywhere down the road close to cloning human/animal cloning? >> we don't need a half man/half horse running around the office. we do use the genes for beneficial scientific uses to try to discover some cures of the diseases. >> it's always the fear someone will use it for the wrong thing. rob, good to see you. check in with you later on. rob marciano i
shutdown in minnesota. >> that's the part -- no beer. >> big problem. a lot of beer that won't be on the shelves. >>> the president's right-hand man on jobs. jeffrey immelt talks about how they plan to get america working again unchlgth fire under fire. >> gunfire all around us. we are rushing out of this area. with dha and essential nutrients also found in mother's milk. purina puppy chow. right now, go to priceline for a sneak peek at recent winning and better than ever! hotel bids to find where you n save up to 60% on hotels. * we'll even email you other people's winning bids, so you'll know what price to name. *á with new hotel bid alerts, from priceline. >>> welcome backing to "american morning." all enemies of india possible suspect this morning after three bomb blasts rocked the country's largest city during rush hour yesterday. 18 people were killed. that's down from 21. and now yesterday, 131 are wounded. officials say these attacks were coordinated by terrorists. but there have been no arrests. india is denying that they were -- missed any warning signs. >> the fac
. they do, however, believe she's no longer in central florida. when she left the jail, you saw the big crowds there. there were people yelling "killer" in that crowd as she got into the suv and left. there is a great deal of emotion still unresolved around this case. we saw a lot of people getting together who were doing something peaceful with those emotions over the weekend. they went to the site where caylee anthony's body was discovered and held a march from that site to the anthony home. all to remember the child whose death started all of this. it was a very solemn occasion. a lot of people walking in the street. at one point it was reported there were cars lined up on the road about a half mile long of people just parking on the roadside going into those woods where her body was discovered to go to that spot and remember that little girl. again, a great deal of emotion. people trying to process all of this on their own. but casey anthony at the moment is still staying out of the public eye even though she has a lot of legal entanglements she will still have to address in the mon
of doing something big to change america's unsustainable economic path. what do you think? do that you think that opportunity is lost? >> well, a week is a long time in politics. it can be a lifetime, as you know. i think the big deal, the grand deal, the grand bargain of $4 trillion over four years is dead, it's gone. i think the chances of getting a deal at 2.5 are 2. the middle double deal, very unlikely, because the president does not want to go that high without tax increases and republicans are not going to do it. here's the question that is coming out. and that s. the house republicans are now pushing a very, very tough deal through the house. the -- over on the senate side, the republicans are working to get a version of the mcconnell plan. and the president will accept that as he said in his news conference on friday. but whether the house republicans would accept that or not, it's a big, big question. it seems to me that's the lead horse. that's the lead solution, a version of the mcconnell plan, with throwing in the spending which i think would be a good idea which leaves $1
. >> oh, my gosh. everything's big in texas. >> and a year in jail. unbelievable. >> you can catch our legal guys every saturday noon eastern right here in the "cnn newsroom." -- captions by vitac -- www.vitac.com >>> the u.s. is withholding $800 million in aid to pakistan. president obama's chief of staff confirmed the move today. william daley says pakistan has, quote, taken some steps that have given us reason to pause, end quote. the pakistani military tells cnn it has not been officially informed that aid from washington is being withheld. >>> with the final edition of britain's popular tabloid "news of the world" on stands, rupert murdoch is hoping to limit the damage to his media empire. murdoch arrived in london today. his company's british subsidiary closed "news of the world" after reports the newspaper hacked the phone of a missing teenager who was later found dead. >>> in india 13 cars in a packed train jumped the tracks today. rescue officials confirm 28 deaths already and say that number will likely rise as they search the wreckage. more than 100 people are reported hurt.
the baby is not breathing on his own. we'll keep a close eye on baby jamichael, a big kid. that's it for me on "wake-up call." "american morning" begins right now. >> good morning to you. i'm kiran chetry. a lot going on. let's get you caught up. the end of the line for the "news of the world." the british tabloid shutting down after sunday's edition after new reports that the paper reportedly tried to hack the phones of 9/11 victims. >>> a deal to raise america's debt ceiling still out of reach. talks continue today with the president warning we have ten days left to get an agreement or risk default on this "american morning." >>> and good monday morning to you. start of another week here on "american morning." it is july 11th. nice to see you back. >> great to see you. >> the shuttle went off on the first try. >> i couldn't believe it. we were all thinking the weather was horrible but it went off. can't get the three of us together a whole lot. christine is off. >> summer vacation. >> no deal on raising the debt ceiling. last night talks at the white house fizzled out. preside
down on the big deal. the white house pushing back saying that boehner had initially agreed to tax increases as part of a deal. where does it go from here? the white house saying that the president still at that meeting today will be pushing for that big deal because they don't believe this is the time to back down. but no doubt, the latest developments will put a great amount of pressure on these talks this evening. >> there has been some compromise. why though might that not be enough to kind of put things back on track? >> reporter: that's right. the compromise you're talking about there, at one point the democrats and president in particular had said that social security and medicare would not be part of this overall deal but in recent weeks the president has been warming up to the idea and putting social security and medicare on the table. but there's been a lot of pressure from the left from liberal democrats who don't believe that some of the hardest working americans should be paying the price while the wealthiest americans are getting off with these tax breaks. so it will
hard. but this is a grave moment for the country. we need to do something very big, very substantial to bring our long term deficits down over time. we have to do that in a way that's good for the economy so we give more support to the economy still healing from the great recession. and it's going to require both sides to compromise. >> cnn dan lothian is at the white house right now. dan, bipartisan talks fell apart yesterday. what was the breaking point. >> the breaking point really was republicans, in particular house republicans, speaker john boehner saying democrats and the president continued pushing for tax increases as part of any deal. as you know, this white house, the president, has been talking about wealthier americans needing to bear some of the burden here and looking at how you can shave back some of the breaks and loopholes that wealthy americans receive. so boehner walking away from the discussions now looking at perhaps some sort of a smaller deal. but the white house saying that the president still wants to move forward with this ambitious plan of cutting the defi
this big deal, takeover bid by rupert murdoch of british sky here. people don't want to see that deal go through, kyra. >> we'll continue to follow that story. i have a feeling a lot more is going to break, it's just starting to unfold. zain, thanks. >>> trying to broker a deal. in less than two hours from now, he will turn to the public with a news conference. dei dan lothian joins us from the white house. >> reporter: medicare and social security they don't want touched by this deal and on the other side, republicans are saying no tax hikes at all. you're seeing the president using his bully pulpit, if you will, for the second time now in as many weeks, the president holding a press conference, a chance to try to get both sides to sit down and hammer out an agreement and spell out what the consequences will be if that debt ceiling isn't raised by august 2nd. the president, aides tell me, will continue to push for what's being called that bigger deal, up to $4 trillion in spending cuts and also tax hikes. the reason for that is because the president believes that this is the best thing
and we did receive a report of one fatality. >> pamela, christine here, how big is the area the researchers are searching and what are they dealing with in terms of conditions and weather there? >> the coast guard hasn't left yet. we're waiting for the sun to come up before we conduct a search. when we do, we will conduct a thorough and exhaustive search of the area, we cover hundreds of square miles of water and we'll be doing that as soon as the sun comes up. >> do we know any -- any sense of this vessel, you told us 100 foot fishing vessel, is its weather that caused it to capsize? >> yes, ali. we received a report that they had hit some rough weather on sunday morning and the boat had capsized and sank almost immediately. the vessel was close enough to shore where some people were actually able it to swim to shore and they had to notify authorities when they got on land. >> petty office ser pamela bailen, we'll check in with you later. >>> former serb commander ratko mladic kicked out of court this morning. the judge removing mladic from the chambers after multiple disru
that for us. so it's going to be a big change for some folks. >> stillson always dreamed of being a launch director. no woman has ever held that job. but for now, nasa has nothing for her to launch. back onboard -- >> let's go to the air lock. >> we'll take a look in the air lock. >> crawl about 12 feet. >> i'm going to drag these cables in, too. >> on the other end is the shuttle's cargo bay, spacious enough to hold a school bus. over the 39 flights of discovery, dozens of astronauts in space suits have been at this exact vantage point, waiting to step out to repair a satellite or build the space station. >> you can grab the hand hold here, and then just keep coming. put a hand up here and you can pull yourself right on up. >> we're climbing the ladder to the flight deck. in the weightlessness of space just float your way up. >> i'm allowed the privilege of the commander's seat. >> there's a lot of butts that sat here. i guess i shouldn't touch. >> john, we're on the flight deck of discovery. the commander sits in the left seat. the pilot sits in the right seat. >> the windows are covered
:00 this afternoon. as i said, the leadership has been asked to come back with special fix. the big question today is, will they be looking at that medium-sized deal and will they have enough details to get something done? there is not a lot of certainty that they can cut that big deal. the president has said he cannot cut a short-term deal. they have to have a deal. there is a lot of uncertainty right now. it is all very unstable, very much up in the air. everybody is playing for their negotiating position right now. the president is using the leverage he has to keep up as much pressure as he can. >> jessica, i am sure you will be answering that question from that. >> john king is here. it is interesting. the president is going to be in the briefing room. he is out of the east room where there would be a dramatic announcement. this is just sort of a surprise in the middle of these tough negotiations. he has decided to go public to try to put pressure on us. >> i am not surprised. i find it interesting that before they go pack back to mee 2:00 in the afternoon, he is coming out of here to talk about
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